Business Articles

The Ghana cedi has been classified as the worst of African currencies with the “Worst Spot Returns” by Bloomberg. Bloomberg pegs the depreciation of the cedi to the dollar at 8.86% between January 1, 2022 and February 25, 2022. It is followed by the Zambian kwacha with a depreciation of …

The Ghana cedi has depreciated by 4.70% to the US dollar with only 45 days into the year, as pressure mounts on the local currency. This ranks it the second worst performing currency in Africa, among 15 top performing currencies. The Zambian kwacha which was one of the top performing …

GB Foods Ghana, one of the leading FMCG companies in Ghana and manufacturers of Gino and Pomo range of products has rewarded the first batch of winners in the “Twa w’anum na k) Spain promo” in Accra.  These prizes were given after the 1st two weeks ranking of consumers with …

Dr. Justice Ofori, Commissioner of Insurance and Chief Executive Officer of the National Insurance Commission (NIC), has won the Chief Executive Officer (CEO) of the year 2021. Ghana Leadership Awards, the Leader of Insurance Regulation and Supervision in Ghana held the ceremony at the Accra City Hotel to award the …

The government, as part of strategies to widen the country’s tax net, has announced an Electronic Transaction Levy. It will be a 1.75 percent charge on all electronic transactions. This fee, according to the Finance Minister, Ken Ofori-Atta, is to enhance financial inclusion and protect the vulnerable. Transactions covering mobile …

GB Foods Ghana, leading manufacturers of Gino and Pomo tomato mix and other products, has a partnership deal with La-Liga in Spain. As part of this deal, GB Foods Ghana launched a special Consumer Promotion to reward loyal consumers of the Gino and Pomo brands.   Dubbed ‘Twa w’anum na …

The government of Ghana has completed the takeover of the ownership of AirtelTigo, Bharti Airtel has disclosed in a regulatory filing to the Bombay Stock Exchange. “This is in further to our announcement dated October 27, 2020, and April 16, 2021, regarding Government of Ghana’s takeover of ownership of Airtel/Tigo …

The Bank of Ghana is warning the general public to be wary of a money-doubling scheme operating in Ghana under the pseudo name “Worldremit”, saying, the scheme is fraudulent and does not reward investors as promised. According to the Central Bank, this fraudulent scheme is distinct from the globally renowned …

GB Foods Ghana, one of the leading FMCG companies in Ghana and manufacturers of Gino and Pomo range of products has named multiple award-winning actress  Jackie Appiah and actor,Adjetey Anang as Brand Ambassadors.   The unveiling of the two as brand ambassadors for GB Foods is in consonance with the brand’s …

Ecobank Ghana and GCB Bank controlled about 23.9% of the banking industry market share in terms of deposits in 2020, according to a research analysis by an investment firm, Tesah Capital.   However, Zenith Bank was the best bank in Ghana last year in terms of financial performance.   Ecobank …